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Updated over 11 years ago on . Most recent reply

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Prince Coulibaly
  • Gaithersburg, MD
0
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Difficult Deal to Wholesale

Prince Coulibaly
  • Gaithersburg, MD
Posted

I'm a wholesaler and I've had this deal in Baltimore City for at least a month:
ARV- 79k
Asking Price- 48k
Repairs- None

I'm not trying to wholesale a deal here but I'm simply giving you numbers to show that most buyers don't want to buy my deal at 48k. All of my offers have ranged from 20k to 22k and I don't know what to do about this property. My partner says we have at least 12 more days until the contract expires. I found a buyer who is willing to pay 20k and will close in 7 days but my jv partner has it under contract for 41k.

I don't know what to do. I'm thinking about listing this property on the MLS because I feel like there is no other option.

Any suggestions? I'm just starting out.

Thank You

Much Appreciated

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Something should be telling you the ARV is not 79K, or everyone else thinks it needs a lot of work.

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